Police & Firemen s Retirement System of New Jersey Boosts Stock Position in Watts Water Technologies, Inc. $WTS

Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 4.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,243 shares of the technology company’s stock after purchasing an additional 283 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Watts Water Technologies were worth $1,535,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in Watts Water Technologies by 20.7% in the second quarter. Geode Capital Management LLC now owns 804,050 shares of the technology company’s stock valued at $197,728,000 after buying an additional 138,034 shares during the last quarter. Future Fund LLC purchased a new stake in Watts Water Technologies in the 2nd quarter worth approximately $847,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Watts Water Technologies during the 2nd quarter worth approximately $2,211,000. Parkside Financial Bank & Trust increased its holdings in shares of Watts Water Technologies by 3,343.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,102 shares of the technology company’s stock valued at $271,000 after purchasing an additional 1,070 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Watts Water Technologies in the 2nd quarter valued at $1,444,000. 95.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Watts Water Technologies

In related news, major shareholder Timothy P. Horne sold 6,994 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $278.65, for a total value of $1,948,878.10. Following the sale, the insider directly owned 23,006 shares in the company, valued at approximately $6,410,621.90. The trade was a 23.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Watts Water Technologies Stock Down 0.2%

WTS stock opened at $266.13 on Friday. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $276.10 and a two-hundred day moving average of $261.75. Watts Water Technologies, Inc. has a 12 month low of $177.59 and a 12 month high of $287.89. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 3.27 and a beta of 1.17.

Watts Water Technologies (NYSE:WTS) last issued its earnings results on Wednesday, November 5th. The technology company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.21. The business had revenue of $611.70 million for the quarter, compared to analysts’ expectations of $576.20 million. Watts Water Technologies had a return on equity of 18.11% and a net margin of 13.63%.The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.03 EPS. Watts Water Technologies has set its FY 2025 guidance at EPS. As a group, analysts forecast that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current fiscal year.

Watts Water Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.52 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. Watts Water Technologies’s payout ratio is currently 21.47%.

Analyst Ratings Changes

A number of research firms have weighed in on WTS. Zacks Research cut shares of Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Watts Water Technologies in a research note on Friday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Watts Water Technologies in a research note on Monday. Stifel Nicolaus upped their price target on Watts Water Technologies from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Wall Street Zen upgraded Watts Water Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $264.25.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.